Revenue from post-capitalization from transaction ABNAN

[Former Member]

I am working for a local governmental entity, and I am trying to add assets to our system that should have been recognized as acquisitons in previously closed fiscal years. I understand that the transaction I should be using is ABNAN, post-capitalization, however; a problem that I'm running into is, after I post the transaction and perform the next step, transaction ASKB, to post full and contra accrual account postings, I get the following error message: "Revenue from post-capitalization could not be found". We do not have that account set up, nor do we think it's applicable. These are not donated assets from outside our organization, these are simply assets that did not get captured through our normal acquisition processess. Is there a way to run transaction ABNAN and not get this message? Might this be something that can be changed through configuration? Thanks for your help.

[Former Member · Accepted solution]

subsequent revenue and costs are used after the retirement not to capture previous year asset.

Plz try AS91 to create your legacy asset which was not captured previous year and here you can put your APC cost and you could also put your accum depreciation cost. If you leave your accum depreciation blank than the next time you run AFAB it should catch up all the depreciation till date for your asset.

plz assign points if helpful

[Former Member · Accepted solution]

Kartik, we went into AS91 to create the legacy asset, then into AS92 to actually input the APC, but after leaving the accum dep field blank, and running both the ASKB and AFAB transactions for the current period, there were no subsequent postings for either full accrual or depreciation. Can you think of a reason why there were no postings? Thanks.

[Former Member · Accepted solution]

Did you give a Capitalized on date for that asset record? Try giving this and than run AFAB .. it should catch up the depreciation.

[Former Member · Accepted solution]

Thanks for your help and information Kartik. We are almost done with this being resolved. In the process of creating the assets using AS91 we are encountering an error message regarding the Date of the Legacy Data Transfer. This date is currently 06/30/05. Since we want to use a capitalization date of 06/30/07, is there any negative impact on changing this transfer date to 06/30/07? Changing the date in a test environment allows us to proceed but I wanted to make sure there were no negative impact since we are not familiar with the purpose of this date.

[Former Member · Accepted solution]

Hi,

It is meant for that.

I hope, no negative impact on changing of this.

Regards,

Murali

[Former Member]

We used ABZON to capitalize these assets. Since we were using a capitalization date of 06/30/07 (end of the prevous fiscal year) versus 06/30/05 (go live date), we were running into problems between the Legacy Asset Transfer Date 06/30/05 and the Capitalization date using AS91. There was a conflict between the two and we did not want to change the Legacy Asset Transfer Date.

[Former Member]

Hi will

The subsequent cost and revenue transations will not create any accounting documents and hence there is no option to define Gl accounts for the same.

thanks

Ashok